The conclusion that household spending is on the rise and Canadians are deeper in debt.
Non-mortgage debt has jumped 4.6 per cent since last year, leaving Canadian consumers with an average debt of $26,768. With debt outpacing inflation, the average British Columbian consumer owes more than $38,000.
Are predatory credit card companies to blame, or is the burgeoning debt a harbinger of a booming economy?
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